Management
Question : In many organisations, the top management actively participates in making all decisions, while in some, even the lower levels of management have this authority. Because decision-making power is shared with lower levels, those levels are positioned close to the action. The statement "Decision making authority is shared with lower levels and is therefore located nearest to the points of action" highlights a management approach.
Option 1: Authority
Option 2: Delegation
Option 3: Accountability
Option 4: Decentralisation
Correct Answer: Decentralisation
Solution : Decentralization is a type of organisational structure in which the top management delegated power to the middle and lower levels of management in an organisation. Hence, the correct option is 4.
Question : The principles are guidelines to actions but do not provide readymade solutions to all managerial problems. The given statement tells about which nature of principles of management?
Option 1: Flexible
Option 2: General guidelines
Option 3: Cause and effect relationships
Option 4: Universal applicability
Correct Answer: General guidelines
Solution : The principles are guidelines to action but do not provide readymade solution to all managerial problems. This is so because real business situations are very complex and dynamic and result of many factors.
Hence, Option B is correct.
Question : Case Study 33
XYZ Corporation is a well-established company with shares traded on a stock exchange. The company's management is reviewing the functions of a stock exchange.
Question :
What is the secondary function of a stock exchange that ensures a continuous market for securities?
Option 1: Allocation of resources
Option 2: Regulation of insider trading
Option 3: Providing loans to companies
Option 4: Providing credit rating to companies
Correct Answer: Allocation of resources
Solution : The correct answer is (a) Allocation of resources
The secondary function of a stock exchange that ensures a continuous market for securities is allocation of resources. A stock exchange provides a platform where investors can efficiently allocate their capital by buying or selling
Question : Case Study 76
DEF Enterprises is a startup planning to trade its shares on a stock exchange. The company's management is considering the importance of opening a demat account.
What is the primary benefit of opening a demat account for trading securities?
Option 1: Higher dividend payouts
Option 2: Reduced risk of fraud
Option 3: Access to insider information
Option 4: Lower income tax rates
Correct Answer: Reduced risk of fraud
Solution : The correct answer is (b) Reduced risk of fraud
The primary benefit of opening a demat account for trading securities is the reduced risk of fraud. A demat account holds your securities in an electronic or dematerialized form, eliminating the need for
Question : Which management function involves setting performance standards and measuring actual performance against them?
Option 1: Planning
Option 2: Organizing
Option 3: Controlling
Option 4: Directing
Correct Answer: Controlling
Solution : The correct answer is (c) Controlling
Controlling is the management function that focuses on monitoring performance and ensuring that it aligns with the set standards, goals, and objectives. This function involves establishing performance standards or benchmarks that serve as a reference point for evaluating actual
Question : Statement 1: A matrix organizational structure enhances cross-functional collaboration.
Statement 2: It involves a tall hierarchy with multiple layers of management.
Option 1: Statement 1 is true, and Statement 2 is false.
Option 2: Statement 1 is false, and Statement 2 is true.
Option 3: Both Statement 1 and Statement 2 are true.
Option 4: Both Statement 1 and Statement 2 are false.
Correct Answer: Statement 1 is true, and Statement 2 is false.
Solution : The correct answer is (a) Statement 1 is true, and Statement 2 is false.
Statement 1 is true. A matrix organizational structure is designed to facilitate collaboration and communication across different functional areas within an organization. Employees
Question : Case Study:
ABC Clothing partners with its suppliers to ensure the return and management of defective or unsold products. What aspect of distribution is being highlighted?
Option 1: Inventory Management
Option 2: Channel Conflict
Option 3: Logistics Optimization
Option 4: Reverse Logistics
Correct Answer: Reverse Logistics
Solution : The correct answer is (d) Reverse Logistics.
Reverse logistics involves the processes and activities associated with managing the flow of products from the point of consumption (or the point of sale) back to the point of origin to recover value or proper disposal. In
Question : The technique of time study focuses on:
Option 1: Analyzing employee time management skills
Option 2: Assessing employee punctuality
Option 3: Measuring the time taken to complete a task
Option 4: Monitoring employee breaks and rest periods
Correct Answer: Measuring the time taken to complete a task
Solution : The correct answer is (c) Measuring the time taken to complete a task.
Time study is a technique used in scientific management to analyze and measure the time required to perform specific tasks or activities. It involves observing
Question : Poor management is due to __________________.
Option 1: Both inefficiency and infectiveness
Option 2: Inefficiency
Option 3: Ineffectiveness
Option 4: Efficiency
Correct Answer: Both inefficiency and infectiveness
Solution : Poor management is due to both in efficiency and infectiveness.
Hence, Option A is correct.
Question : Which of the following statements is correct for controlling?
Option 1: It establishes an atmosphere that encourages employees to do their best.
Option 2: It involves influencing the employees.
Option 3: It is the management function of monetary organisation performance.
Option 4: All of the above.
Correct Answer: It is the management function of monetary organisation performance.
Solution : Controlling is the management function of monitoring an organization's performance towards attainment of organisational goals. Controlling in the establishment of performance standards, measuring current performance in comparison to established standards, and taking corrective action when deviations are
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